Top of the Morning: Fixed Income market update & outlook
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Leslie and Letty drop by to share a performance update and outlook for the asset class (including an outlook for the 10-yr), along with guidance around positioning in the current environment. We also touch on the spotlight article from the March edition of the Fixed Income Strate
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4 itemsTop of the Morning: Fixed Income Strategist - Shifting gears
Top of the Morning: Fixed Income Strategist - Shifting gears
The desk posits that the shifting landscape of fixed income is indicative of broader market volatility, details of which were outlined by UBS's Leslie Falconeo. Per the full note, the first quarter of 2026 witnessed oscillating sentiment influenced by various macroeconomic factors, including a dip in the 10-year Treasury yield to approximately 3.95%. Concurrently, projections for interest rate cuts reached around 60 basis points, reflecting the market's changing expectations as geopolitical events impacted sentiment. This scenario sets the stage for potential positioning shifts among traders, particularly in light of the upcoming economic indicators.